Category: China

  • MIL-OSI China: US slapping of ‘reciprocal tariffs’ deprives countries, especially Global South, of right to development: spokesperson

    Source: China State Council Information Office

    The unilateral imposition of “reciprocal tariffs” by the United States effectively deprives countries, particularly those in the Global South, of their right to development, and is certain to face widespread opposition from the international community, a Chinese foreign ministry spokesperson said on Monday.

    Recently, the United States has imposed tariffs on all its trading partners, affecting over 180 countries and regions worldwide, including some economies classified as the least developed countries by the United Nations. Analysts suggest that these high tariffs will deliver an unprecedented and severe impact on poor nations with simple economic structures and high dependency on exports.

    In response to a related query, spokesperson Lin Jian said at a daily news briefing that the United States, under the guise of “reciprocity,” acted in a manner that prioritizes its own interests at the expense of other nations’ legitimate benefits. This approach places “America First” above international rules, exemplifying unilateralism, protectionism, and economic bullying.

    Lin added that the Chinese government has issued its position on opposing U.S. abuse of tariffs, making clear its solemn attitude.

    Data analysis from the World Trade Organization indicates that, amid economic disparities and unequal power dynamics, U.S. tariff policies will exacerbate the wealth gap among nations, with less developed countries facing particularly severe repercussions. This trend poses a significant threat to the efforts intended to achieve the United Nations 2030 Agenda for Sustainable Development, Lin said.

    The United States’ imposition of differentiated tax rates violates the World Trade Organization’s principle of non-discrimination, severely undermining the normal international economic and trade order, as well as the security and stability of global industrial and supply chains, Lin said, adding that this action significantly damages the multilateral trading system, poses a severe threat to the global economic recovery process, and is bound to meet widespread opposition from the international community.

    Openness and cooperation are a historical trend, and mutual benefit and win-win outcomes are the aspirations of people. Development is a universal right of all countries, not the privilege of a few, said Lin.

    He emphasized that all countries should uphold the principle of extensive consultation, joint contribution and shared benefits, adhere to true multilateralism, jointly oppose all forms of unilateralism and protectionism, and uphold the international system with the United Nations at its core and the multilateral trading system with the World Trade Organization at its core. 

    MIL OSI China News

  • MIL-OSI China: How US influencer IShowSpeed’s live-stream episodes cast light on real China

    Source: China State Council Information Office 3

    “This is what China looks like! This is China right here!” popular U.S. influencer IShowSpeed marveled as he live-streamed at Shanghai’s Bund area, with a skyline featuring the landmark Oriental Pearl Tower and modern skyscrapers right in front of him.

    An aerial drone photo shows a night view of the downtown area of Chongqing, southwest China, Feb. 28, 2025. (Xinhua/Wang Quanchao)

    From there, the 20-year-old content creator, whose real name is Darren Jason Watkins Jr. and whose zesty and contagious shows have won over 38 million subscribers on the social media platform YouTube, embarked on his first tour in China since the end of last month.

    Despite a language barrier and fast-paced schedule, IShowSpeed treated his fans worldwide with a feast of uninterrupted live-streaming sessions while traveling along China’s streets and alleys, experiencing China’s history and culture, savoring China’s cuisine and snacks, and interacting with China’s enthusiastic fans and local people from various walks of life.

    Unlike the bleak and even grim pictures often painted by some Western media, IShowSpeed’s unedited and unscripted shows reveal a China that is perky, diverse, hospitable and prosperous.

    In east China’s metropolitan city of Shanghai, he joined in the colorful park activities of local residents, watched traditional lion-dancing and kung fu, and witnessed first-hand China’s burgeoning electric car scene.

    In China’s capital city of Beijing, he visited the Great Wall and the Palace Museum and performed his signature back-flip stunt, which drew cheers from a welcoming crowd at the two iconic spots of China.

    In particular, he experienced the country’s high-speed bullet train. During the ride, he hailed the ubiquitous 5G signal and internet access, as he live-streamed smoothly despite being in a tunnel section of the railway line.

    Millions of fans flocked to his channel and watched his shows from China. “I admire China’s technology and internet, and Chinese fans were very respectful,” said a YouTube comment — which garnered more than 900 likes.

    In central China’s Henan Province, he traveled to the Shaolin Temple to pursue his kung fu dream. There, a kung fu mentor Master Liang warmly received him, taught him martial arts, and also shared with him a life philosophy inspired by years of painstaking training — “It’s pain, but it’s life. It’s pain, but it’s Shaolin. It’s pain, but it’s Kung Fu. It’s pain, but it’s you.” — which struck a chord with many viewers.

    In Chengdu, the capital city of southwest China’s Sichuan Province, IShowSpeed immersed himself in a variety of unique cultural elements that this city has to offer, including the likes of Sichuan Opera, Sichuan-style hotpot, traditional acupuncture and tea-house performances.

    “China has a beautiful culture! I would very much like to visit!” said a netizen from the United States in the comment section.

    During his live-stream show in Chongqing, also located in southwest China, IShowSpeed presented a panoramic view of the megacity known for its futuristic vibes. He watched the magic sight of light rail trains passing through a building in Chongqing’s iconic station, viewed the jaw-dropping architecture of this mountainous city, and captured its spectacular nightlife.

    Against the backdrop of Chongqing’s cyberpunk canvas featuring beautifully lit skyscrapers and bridges at night, IShowSpeed said: “I’ve never been to a country where they have stuff like this. Chongqing is beautiful.”

    “China is an underrated tour spot. I don’t know why people overlooked China,” he stated, with this remark echoed by many members of his audience who have lived in the bubble of Western anti-China propaganda.

    “Is China so advanced now? This breaks my 30-year-old understanding of China. I have been deceived by the so-called mainstream media for so many years, and I want to go to China to see,” read a comment.

    “After watching this video, I realized how foolish my previous views on China were. I’ve decided to plan my trip this year to China. I feel that if I don’t go to China, I’ll regret it for the rest of my life,” said another.

    So far, IShowSpeed’s five live-stream episodes in China’s Shanghai, Beijing, Henan, Chengdu and Chongqing have generated a total of 35.16 million views on YouTube, with many video clips going viral among both Chinese and global netizens.

    Just a few months after the ground-breaking exchanges between Western “TikTok refugees” and Chinese netizens on the social media platform Red Note, this live-streaming tour by IShowSpeed serves as another inspiring example of people-to-people amity between China and the world.

    One YouTube comment, which was liked over 2,700 times, thus wrote — “The U.S. has spent billions on anti-China propaganda, only to be undone by Red Note and IShowSpeed stream.”

    IShowSpeed’s tour is also a prominent example of China’s inbound travel boom following the country’s visa-free policies, which led to an influx of foreign tourists and businesspeople into China, making “China Travel” trendy on social media platforms.

    Earlier this week, China’s Ministry of Foreign Affairs (MFA) also responded to such exchanges. “The one-shot live-streaming by foreign influencers presents China as it is in a panoramic view — one that has not been edited or put in any filter.”

    “This again spurs growing enthusiasm for China. This shows that cultural and people-to-people exchanges between China and other countries enjoy profound support from the people, and such bonds cannot and will not be severed,” said a MFA spokesperson.  

    MIL OSI China News

  • MIL-OSI China: General strike staged across West Bank against Israeli assaults on Gaza

    Source: China State Council Information Office 3

    A Palestinian man walks past closed stores during a general strike in the West Bank city of Nablus, on April 7, 2025. [Photo/Xinhua]

    A general strike took place across the West Bank on Monday against ongoing Israeli assaults on the Gaza Strip.

    Shops, markets, schools, universities, banks, and public offices have been closed, and transportation lines have been stopped due to the strike called by Palestinian factions.

    In the central West Bank city of Ramallah, hundreds of Palestinians took to the streets to condemn the Israeli “crimes” in Gaza, waving the Palestinian flag and chanting slogans demanding an end to the Israeli assaults as they marched through the streets of the city center.

    The strike aims to condemn the Israeli assaults on the Palestinian enclave, which have “killed and destroyed Gaza, with American complicity and support,” and to urge the international community to fulfill its obligations, Issam Bakr, coordinator of the Palestinian National and Islamic Forces in Ramallah, told Xinhua.

    Protests against Israel have also been staged outside the West Bank by those in solidarity with the Palestinians, Bakr said. According to the Palestinian official news agency WAFA, such protests were organized in Tunisia, Jordan, Syria, and Lebanon.

    According to Gaza-based health authorities, 56 people were killed and 137 others injured in the past 24 hours, bringing the total number of fatalities and injuries to 1,391 and 3,434, respectively, since Israel ended the January ceasefire and resumed strikes across Gaza on March 18.

    The overall death toll in Gaza has reached 50,752, with 115,475 others injured since the very beginning of the Israeli military operations in the enclave on Oct. 7, 2023, the health authorities reported.

    In addition, the Israeli strikes further strained Gaza’s health system. According to a statement by Gaza health authorities on Monday, 37 percent of medicines and 59 percent of medical supplies are out of stock in the strip.

    It said vital departments in hospitals are running on generators, which are threatened with shutdown due to fuel and spare parts shortages, adding that over half of cancer and blood disease medications are at zero stock, putting patients’ lives at risk.

    Meanwhile, Philippe Lazzarini, commissioner-general of the UN Relief and Works Agency for Palestine Refugees in the Near East, warned on social media, “Two million people (in Gaza) are scarred for life with trauma and shock, battling with the invisible wounds of mental health.”

    MIL OSI China News

  • MIL-OSI China: Trump announces direct talks with Iran

    Source: China State Council Information Office 3

    U.S. President Donald Trump surprised many on Monday by announcing direct, high-level talks between the United States and Iran over the latter’s nuclear program.

    The announcement came during a meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.

    “We’re having direct talks with Iran,” Trump said. “It’s getting to be very dangerous territory, and hopefully, those talks will be successful.”

    He also disclosed that a “very big meeting” involving “very high-level” officials would be taking place this Saturday.

    Trump’s announced came after months of increasing pressure on Iran, including tougher sanctions on oil exports and threats of military action, while Iran’s Supreme Leader Ali Khamenei has ruled out direct talks with the United States so long as Trump kept his “maximum pressure” policy in place.

    “I think everyone agrees that doing a deal would be preferable to doing the obvious. And the obvious is not something that I want to be involved with, or frankly, that Israel wants to be involved with, if they can avoid it,” Trump said, speaking in the Oval Office alongside Netanyahu.

    “So we’re going to see if we can avoid it. But it’s getting to be very dangerous territory, and hopefully those talks will be successful. And I think it would be in Iran’s best interest if they are successful.”

    Monday’s announcement sparked mixed reactions.

    Netanyahu, present at the announcement, expressed skepticism about the talks. The Times of Israel cited his words as reporting “if it fully stops Iran nukes, that’d be a good thing.”

    Iran has not yet confirmed its participation in the talks. 

    MIL OSI China News

  • MIL-OSI Australia: Boundedly Rational Expectations and the Optimality of Flexible Average Inflation Targeting

    Source: Airservices Australia

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    MIL OSI News

  • MIL-OSI China: Legal actions await Qinghai national park trespassers

    Source: China State Council Information Office 2

    A view of the Yangtze River’s primary source, the Jangchu Diruk Glacier, in the Amdo section of the Three-River-Source National Park. [Photo/chinadaily.com.cn]
    The Three-River-Source National Park in Qinghai province has warned against illegal crossings, saying they harm the environment and pose serious safety risks to trespassers.
    The park, which spans more than 190,000 square kilometers in the Qinghai-Tibet Plateau, is home to unique wildlife and plays a crucial role in the region’s ecological balance.
    Recent reports of unauthorized crossing activities in the park have raised alarms, prompting officials to take action. The park administration has outlined a series of strict measures to prevent further damage to the park’s natural resources and to ensure the safety of visitors.
    Under the new regulations, anyone attempting to enter the park for crossing activities without prior approval from the management authority will face legal consequences. Offenders causing damage to the environment will be subjected to administrative penalties, and they will be required to restore the damaged areas at their own expense. In the event of significant destruction, offenders would face criminal charges.
    The regulations also prohibit the publication of information or images related to the park without approval, targeting the spread of false information or the promotion of unauthorized travel routes that could harm the park’s reputation.
    Additionally, individuals or organizations responsible for accidents resulting from illegal crossings will be held fully accountable, and the offenders will have to bear any cost incurred by the authorities for any rescue operation.
    To further enforce these measures, violators will be placed on a blacklist, and their names will be publicly listed on the park’s official website. Authorities have vowed to increase patrols and take swift action against any illegal activities detected in the park.
    On March 26, patrol officers intercepted an illegal crossing involving 25 people and 11 vehicles in the Hoh Xil area, a core area of the Three-River-Source National Park, according to Tenzin Tseten, head of the patrol team. The group, from Zhejiang province, had been attempting an adventure through the uninhabited region.
    After traveling about 400 to 500 kilometers from Golmud over two days, the group reached an altitude of more than 4,900 meters. By that point, two-thirds of the members were suffering from altitude sickness.
    For their safety, authorities escorted them on an 11-hour overnight journey to a lower elevation below 4,000 meters before handing them over to the management bureau in Hoh Xil.
    “Many in the group regretted their decision after experiencing altitude sickness and severe weather conditions,” Tenzin Tseten said.
    Temperatures in Hoh Xil can drop below — 30 C at night during this season. Tenzin Tseten warned that inexperienced tourists who venture into the area without proper preparation face extreme risks, and rescue operations are difficult.

    MIL OSI China News

  • MIL-OSI China: Tip-off service launched to combat medical insurance fraud

    Source: China State Council Information Office 2

    A nurse prepares medicine for patients at the inpatient department of a hospital in Changde, central China’s Hunan Province, May 12, 2024. [Photo/Xinhua]
    China’s National Healthcare Security Administration announced on Monday the launch of a tip-off service via its official WeChat account, enabling social organizations and the public to report leads on medical insurance fraud.
    Eligible informants will be rewarded with a one-time payment ranging from 200 yuan (about 27.8 U.S. dollars) to 200,000 yuan, according to the administration.
    Noting that the misuse of medical insurance funds undermines public interests, it urged the whole society to make efforts in combating fraud.
    In 2024, China’s medical insurance watchdogs recovered 27.5 billion yuan of misused medical insurance funds, with a total of 10,741 suspects arrested.
    The Chinese government has vowed to continue strengthening oversight of medical insurance funds to ensure every penny is maximized for the benefit of public health.

    MIL OSI China News

  • MIL-OSI New Zealand: Global: Recorded executions highest since 2015 – Amnesty International

    Source: Amnesty International Aotearoa New Zealand

    Global: Recorded executions hit their highest figure since 2015
     Iran, Iraq and Saudi Arabia responsible for 91% of executions
     States weaponizing death penalty against protesters and ethnic groups
     Rise in drug-related executions in violation of human rights
    Global executions hit their highest figure since 2015, as over 1,500 people were executed across 15 countries in 2024, said Amnesty International today as it released its annual report on the global use of the death penalty.
    According to the report, Death Sentences and Executions 2024 , 1,518 executions were recorded in 2024 – the highest number since 2015 (at least 1,634) – with the majority in the Middle East. However, for the second year in a row, countries carrying out executions remained at the lowest point on record.
    The known totals do not include the thousands of people believed to have been executed in China, which remains the world’s lead executioner, as well as North Korea and Viet Nam which are also believed to resort to the death penalty extensively. Ongoing crises in Palestine (State of) and Syria meant that Amnesty International could not confirm a figure.
    Iran, Iraq and Saudi Arabia were responsible for the overall rise in known executions. In total, the trio accounted for a staggering 1,380 recorded executions. Iraq almost quadrupled its executions (from at least 16 to at least 63) and Saudi Arabia doubled its yearly total (from 172 to at least 345), while Iran executed 119 more individuals than last year (from at least 853 to at least 972) – accounting for 64% of all known executions.
    “The death penalty is an abhorrent practice with no place in today’s world. While secrecy continued to shroud scrutiny in some countries that we believe are responsible for thousands of executions, it’s evident that states that retain the death penalty are an isolated minority. With just 15 countries carrying out executions in 2024, the lowest number on record for the second consecutive year, this signals a move away from this cruel, inhuman and degrading punishment,” said Agnès Callamard, Amnesty International’s Secretary General.
    “Iran, Iraq, and Saudi Arabia were responsible for the sharp spike in deaths last year, carrying out over 91% of known executions, violating human rights and callously taking people’s lives for drug-related and terrorism charges.”
    The five countries with the highest number of recorded executions in 2024 were China, Iran, Saudi Arabia, Iraq and Yemen.
    Authorities weaponizing death penalty
    Throughout 2024, Amnesty International witnessed leaders weaponizing the death penalty under the false pretence that it would improve public safety or to instil fear among the population. In the USA, which has experienced a steady upward trend in executions since the end of the Covid-19 pandemic, 25 people were executed (against 24 in 2023). Newly elected President Trump repeatedly invoked the death penalty as a tool to protect people “ from violent rapists, murderers, and monsters“. His dehumanizing remarks promoted a false narrative that the death penalty has a unique deterrent effect on crime.
    In some countries in the Middle East region, death sentences were used to silence human rights defenders, dissidents, protesters, political opponents, and ethnic minorities.
    “Those who dare challenge authorities have faced the most cruel of punishments, particularly in Iran and Saudi Arabia, with the death penalty used to silence those brave enough to speak out,” said Agnès Callamard.
    “In 2024, Iran persisted in their use of the death penalty to punish individuals who had challenged the Islamic Republic establishment during the Woman Life Freedom uprising. Last year saw two of those people – including a youth with a mental disability – executed in connection with the uprising following unfair trials and torture-tainted ‘confessions’, proving how far the authorities are willing to go to tighten their grip on power.”
    Saudi authorities continued to weaponize the death penalty to silence political dissent and punish nationals from the country’s Shi’a minority who supported “anti-government” protests between 2011 and 2013. In August, the authorities executed Abdulmajeed al-Nimr for terrorism-related offences related to joining Al-Qaeda, despite initial court documents referring to his participation in protests.
    The Democratic Republic of Congo announced its intention to resume executions while Burkina Faso’s military authorities announced plans to reintroduce the death penalty for ordinary crimes.
    Rise in executions for drug-related offences
    Over 40% of 2024’s executions were carried out unlawfully for drug-related offences. Under international human rights law and standards, the use of the death penalty must be restricted for the ‘most serious crimes’ – sentencing people to death for drug-related offences does not meet this threshold.
    “Drug-related executions were prevalent in China, Iran, Saudi Arabia, Singapore and, while no confirmation was possible, likely Viet Nam . In many contexts, sentencing people to death for drug-related offences has been found to disproportionately impact those from disadvantaged backgrounds, while it has no proven effect in reducing drug trafficking,” said Agnès Callamard.
    “Leaders who promote the death penalty for drug-related offences are proposing ineffective and unlawful solutions. States considering introducing capital punishment for drug-related offences, such as the Maldives, Nigeria and Tonga, must be called out and encouraged to put human rights at the centre of their drug policies.”
    The power of campaigning
    Despite a rise in executions, just 15 countries were known to have carried them out – the lowest number on record for the second consecutive year. As of today, 113 countries are fully abolitionist and 145 in total have abolished the death penalty in law or practice.
    In 2024, Zimbabwe signed into law a bill that abolished the death penalty for ordinary crimes. For the first time, more than two thirds of all UN member states voted in favour of the tenth General Assembly resolution on a moratorium on the use of the death penalty. Death penalty reforms in Malaysia also led to a reduction by more than 1,000 in the number of people at risk of execution.
    Furthermore, the world witnessed the power of campaigning. Hakamada Iwao – who spent nearly five decades on death row in Japan – was acquitted in September 2024. This has continued into 2025. In March, Rocky Myers – a Black man sentenced to death in Alabama despite serious flaws in the proceedings – was granted clemency following calls from his family and legal team, a former juror, local activists and the international community.
    “When people prioritize campaigning for an end to the death penalty, it really does work,” said Agnès Callamard. “Despite the minority of leaders determined to weaponize the death penalty, the tide is turning. It’s only a matter of time until the world is free from the shadows of the gallows.”

    MIL OSI New Zealand News

  • MIL-OSI China: Chinese state-owned capital operation firm increases holdings of ETFs, SOE stocks

    Source: China State Council Information Office

    China Chengtong Holdings Group Ltd., a capital operation company under the country’s state-assets regulator, said that it has increased its holdings of exchange-traded funds (ETFs) and centrally administered state-owned enterprise (SOE) stocks, in an effort to safeguard the stable operations of the capital market.

    In a Monday statement, the company said that it remains firmly optimistic about China’s capital market prospects, and will continue to increase its holdings of SOE and technology innovation stocks.

    It aims to be a long-term investor for listed firms and provide strong support for their high-quality development, according to the statement. 

    MIL OSI China News

  • MIL-OSI China: Qingming holiday spending mirrors China’s robust economic vitality

    Source: China State Council Information Office

    Actors in traditional costumes perform for tourists at Zuidongfeng art village in Tancheng County, east China’s Shandong Province, April 6, 2025. China recorded 126 million domestic trips during the three-day Qingming Festival holiday that ended Sunday, a 6.3 percent increase from the previous year, according to data released by the Ministry of Culture and Tourism on Monday. [Photo/Xinhua]

    In Liba Village, about 1.5 hours’ drive from downtown Chengdu in southwest China’s Sichuan Province, dozens of steaming hot pot tables dotted the fields, where tourists dined amid a golden sea of yellow blossoms, soaking in the vibrant colors and fragrant spring air.

    “Eating hot pot in such a picturesque setting instantly lifted my mood and left me completely relaxed. Savoring spring with a hot pot feast surrounded by flowers was truly unforgettable,” posted a blogger with the username Doufugui on “RedNote” or Xiaohongshu, a Chinese social media platform.

    The blogger is one of millions of Chinese who took advantage of the recent Qingming Festival holiday to revel in the joys of spring. With warmer weather and flowers in full bloom, the holiday sparked a wave of enthusiasm for domestic travel across the country.

    During the three-day holiday, China recorded 126 million domestic trips, a 6.3 percent increase from the previous year, according to data released by the Ministry of Culture and Tourism on Monday. Tourism revenue also rose, reaching 57.55 billion yuan (about 8 billion U.S. dollars), marking a 6.7 percent year-on-year increase.

    Data from online travel platforms showed that searches related to flower viewing during the holiday surged by 2.2 times compared to the same period last year, while searches for camping on the e-commerce platform Meituan skyrocketed by 132 percent.

    Chinese train travel, meanwhile, shattered records as more people opted for outdoor getaways. On April 4 alone, China’s railway operator handled 20.09 million passenger trips, the highest single-day figure so far this year.

    The holiday also saw a rise in outbound travel, with many Chinese extending their time off by combining the break with annual leave or weekends.

    According to Tongcheng Travel, hotel bookings on the platform surged during the holiday period, with Japan seeing a 120 percent year-on-year increase in reservations. European destinations like Spain and Britain experienced an even greater spike, with bookings rising by over 300 percent.

    Experts have noted that this year’s Qingming holiday underscores the immense potential in China’s service consumption sector, a key driver of the country’s economic growth.

    “The Qingming holiday has traditionally not been a peak travel season, but the tourism market was notably more vibrant this year,” said Xiao Peng, a researcher at Qunar’s Big Data Research Institute.

    Xiao noted that silver-haired travelers were among those taking trips this holiday, adding a new dimension to the tourism boom.

    For those staying closer to home, the desire for springtime enjoyment was equally evident, with a growing willingness to spend on leisure and recreation.

    “All tables for the festival were booked a week in advance,” said the manager of a hotpot restaurant in Changzhou, located in east China’s Jiangsu Province. In the Ronghui old commercial area of Jinan, eastern Shandong Province, even the outdoor dining areas of cafés and bars were bustling as people enjoyed leisurely experiences.

    The surge in consumer activity, both in tourism and retail, is partly attributable to China’s focus on boosting domestic consumption. The government has placed significant emphasis on consumption as a primary engine for the country’s economy.

    China will “place a stronger economic policy focus on improving living standards and boosting consumer spending,” according to the 2025 government work report. In mid-March, the country released a special action plan outlining key strategies to support consumption.

    During the Qingming holiday, various regions implemented measures such as distributing consumption vouchers and launching promotional activities to further stimulate spending, reinforcing the government’s commitment to boosting domestic demand.

    “China’s consumer market remains resilient, vast in potential, and full of vitality,” said Li Gang, an official with the Ministry of Commerce. “With sustained efforts to expand consumption policies, the domestic market will maintain stable growth.” 

    MIL OSI China News

  • MIL-OSI: RBB Bancorp to Report First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 07, 2025 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company”, today announced that it will release financial results for its first quarter ended March 31, 2025 after the markets close on Monday, April 28, 2025.

    Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, April 29, 2025 to discuss the Company’s financial results.

    To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 534591, Conference ID RBBQ125. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52277, approximately one hour after the conclusion of the call and will remain available through May 13, 2025.

    Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s website at www.royalbusinessbankusa.com.  This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call.

    Corporate Overview

    RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of December 31, 2024, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company’s administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company’s website address is www.royalbusinessbankusa.com.

    Contacts

    Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282

    The MIL Network

  • MIL-OSI United Kingdom: Promoting Scottish business and expertise

    Source: Scottish Government

    Strengthening ties across Asia.

    Business Minister Richard Lochhead has begun a visit to China and Japan aimed at deepening economic, social and cultural ties and emphasising that Scotland is open for business.

    He will meet government representatives, potential investors and leading companies in both countries. The Minister will also explore opportunities for further collaboration between Scottish and Chinese academic institutions.

    China and Japan are increasingly important export markets for Scottish goods, with whisky and seafood exports to China tripling since 2005 and whisky exports to Japan up 7% last year, making it the seventh largest global market in terms of value.

    In Japan Mr Lochhead will support eight Scottish gaming companies aiming to capture a portion of Japan’s $50 billion market, backed by the Scottish Government’s business accelerator programme, Techscaler, as they meet potential customers and investors in Tokyo.

    He is also launching the first of three days of Scottish activity at Expo 2025 Osaka. The event will showcase Scotland’s gaming sector as well as consumer-focused businesses including distilleries, skincare companies and seafood specialists.

    Mr Lochhead said:

    “Scotland is open for business and China and Japan are vitally important markets for Scottish companies.

    “Over the next two weeks I will champion Scotland’s world class products, universities and technical expertise. I will also be promoting the many investment opportunities that our drive for Net Zero is delivering.

    “In an increasingly volatile global economy, it is even more important that we help Scottish companies access new markets and deepen existing trading relationships.”  

    Background

    The Minister is visiting China from 8-12 April and Japan from 12-18 April.

    Expo 2025 Osaka, Kansai takes place from 13 April to 13 October and is expected to attract about 28 million visitors and more than 150 participating countries.

    The Scottish Government and Scottish Enterprise are supporting the three events at the Expo, beginning with a focus on gaming and consumer industries on 17 April at the UK Pavilion. A list of Scottish companies attending is available on Scottish Development International’s website.  Further events focusing on the health and offshore wind industries take place in June and September

    In China, Mr Lochhead will celebrate the 20th anniversary of the Scottish Government Office which opened in 2005. It joined Scottish Enterprise’s international team, which established a presence in China in 2003.

    MIL OSI United Kingdom

  • MIL-OSI China: China unveils plan to accelerate building up strength in agriculture

    Source: China State Council Information Office 2

    China has unveiled a plan to accelerate building up its strength in agriculture for the period from 2024 to 2035.
    The plan, issued by the Communist Party of China Central Committee and the State Council, sets the main goal of achieving notable progress in building up China’s strength in agriculture by 2027.
    It also aims for substantial advances in rural revitalization and a new stage of modernization in agriculture and rural areas by 2027.
    By 2035, the plan envisions decisive progress in all-round rural revitalization, the basic realization of agricultural modernization, and the establishment of modern standards of living in rural areas.
    According to the plan, China aims to fully establish its agricultural strength by the mid-century. The country seeks to ensure a stable and reliable supply, achieve self-reliance in scientific and technological innovation, build robust infrastructure, and develop efficient, well-integrated rural industrial chains.
    The plan also envisions building beautiful countryside, improving farmers’ well-being, enhancing the international competitiveness of agriculture, achieving full urban-rural integration and comprehensive rural revitalization, and fully modernizing agriculture and rural areas by mid-century.
    To achieve these targets, the plan outlines key tasks such as ensuring a more stable and reliable supply, and promoting innovation in agricultural science, technology and equipment.
    The plan calls for improving the modern agricultural business operating system, promoting better integration of smallholder farmers into modern agricultural practices, and upgrading the entire agricultural industry chain.
    The tasks also include further deepening international cooperation in agriculture, promoting the building of a beautiful and harmonious countryside that is desirable to live and work in, and improving rural living standards.
    In addition, the plan emphasizes promoting integrated urban-rural development and narrowing the gap between urban and rural areas.

    MIL OSI China News

  • MIL-OSI China: Beijing introduces measures to boost pharmaceutical innovation

    Source: China State Council Information Office 2

    Beijing has introduced the latest version of a comprehensive package comprising 32 new measures to support the development of the innovative pharmaceutical industry, local authorities announced on Monday.
    The plan, co-issued by Beijing Municipal Medical Insurance Bureau and another eight authorities, include measures to slash the clinical trial start-up time to under 20 weeks, launch a fully automated biobank for key diseases, develop AI models for pathology and drug development, and launch a 50-billion-yuan (about 6.95 billion U.S. dollars) health care industry fund.
    These measures will stimulate the overall vitality of innovative pharmaceutical enterprises further, boost research and development capabilities, and enhance health care services, the bureau said.
    The 2025 policy package builds on last year’s reforms, which drove 8.7 percent year-on-year growth in Beijing’s health care sector, leading its total value to exceed 1 trillion yuan for the first time. Previous developments include accelerated clinical trials, streamlined rare disease drug approvals and fast-track channels for urgently needed imported medicines.

    MIL OSI China News

  • MIL-OSI China: Trump announces direct talks with Iran amid nuclear tensions

    Source: China State Council Information Office

    U.S. President Donald Trump surprised many on Monday by announcing direct, high-level talks between the United States and Iran over the latter’s nuclear program.

    The announcement came during a meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.

    “We’re having direct talks with Iran,” Trump said. “It’s getting to be very dangerous territory, and hopefully, those talks will be successful.”

    He also disclosed that a “very big meeting” involving “very high-level” officials would be taking place this Saturday.

    Trump’s announced came after months of increasing pressure on Iran, including tougher sanctions on oil exports and threats of military action, while Iran’s Supreme Leader Ali Khamenei has ruled out direct talks with the United States so long as Trump kept his “maximum pressure” policy in place.

    “I think everyone agrees that doing a deal would be preferable to doing the obvious. And the obvious is not something that I want to be involved with, or frankly, that Israel wants to be involved with, if they can avoid it,” Trump said, speaking in the Oval Office alongside Netanyahu.

    “So we’re going to see if we can avoid it. But it’s getting to be very dangerous territory, and hopefully those talks will be successful. And I think it would be in Iran’s best interest if they are successful.”

    Monday’s announcement sparked mixed reactions.

    Netanyahu, present at the announcement, expressed skepticism about the talks. The Times of Israel cited his words as reporting “if it fully stops Iran nukes, that’d be a good thing.”

    Iran has not yet confirmed its participation in the talks. 

    MIL OSI China News

  • MIL-OSI USA: Senate Intel Vice Chair Warner Presses Trump Administration on TikTok Extension, Potential Divestiture Deal

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    WASHINGTON – Today, Vice Chairman of the Senate Select Committee on Intelligence Mark R. Warner (D-VA) wrote a letter to President Trump expressing concerns over the administration’s handling of the legally-required divestiture of the social media platform TikTok, including the decision by the administration to once again extend the deadline for TikTok’s parent company, China-based Bytedance, to continue to operate the service and collect Americans’ data.

    “The news reports around the extension suggest that the likely deal under consideration would not meet the clear statutory thresholds for eliminating ByteDance’s influence over TikTok’s U.S. operations,” Sen. Warner wrote. “Specifically, it would preserve a material, operational role for ByteDance by not only allowing it to retain a significant equity stake in the divested entity, but also an active role in technology development and maintenance, including over the algorithm governing content displayed to TikTok U.S. users. I also will note that the law passed by Congress only allowed for a single extension of no more than 90 days.  This second delay, announced April 4, 2025, is a clear violation of the law while also continuing to leave Americans vulnerable to malign influence operations conducted by an adversary country.”

    “A successful and comprehensive divestiture will require any successor to scrupulously prevent influence or access by ByteDance or other entities under the jurisdiction of the People’s Republic of China.  The deal being discussed undermines confidence that the divested app can be trusted to protect national security and ensure compliance with the law,” he continued.

    Sen. Warner also reiterated the role of Congress in regulating foreign and interstate commerce, emphasized that the bill that requires divestment passed with bipartisan support, and pressed the Trump administration to follow the law.

    He continued, “I strongly encourage you actually adhere to the law Congress passed and immediately convene an inter-agency team to evaluate any prospective divestiture based on genuine, risk-based criteria.  Any qualified divestiture must ensure a clean operational break from ByteDance and TikTok USA, including by preventing either company from continuing to develop, influence, or access personal data or source code (including the content recommendation algorithm) maintained by the divested company.”

    Sen. Warner long led the charge in Congress to combat foreign social media influence campaigns, and keep Americans’ sensitive personal data out of the hands of the Communist Party of China, and has been vocal about the national security threat that ByteDance poses. He has repeatedly said the only eligible buyers of the app are companies that are not beholden to a U.S. adversary.

    A copy of letter is available here and text is below.

    Dear President Trump:

    I write to express concerns with the extension that you announced on Friday April 4, 2025 to allow TikTok to continue its U.S. operations, as well as deep reservations with how you and other involved parties are carrying out the negotiations around the sale of TikTok. The news reports around the extension suggest that the likely deal under consideration would not meet the clear statutory thresholds for eliminating ByteDance’s influence over TikTok’s U.S. operations.  Specifically, it would preserve a material, operational role for ByteDance by not only allowing it to retain a significant equity stake in the divested entity, but also an active role in technology development and maintenance, including over the algorithm governing content displayed to TikTok U.S. users. I also will note that the law passed by Congress only allowed for a single extension of no more than 90 days. This second delay, announced April 4, 2025, is a clear violation of the law while also continuing to leave Americans vulnerable to malign influence operations conducted by an adversary country.

    In key respects, the reported deal or arrangement appears to closely resemble the proposed “Project Texas” partnership that ByteDance previously sought approval for through the Committee on Foreign Investment in the United States (CFIUS).  As I and colleagues made clear at the time – and as CFIUS concluded in withholding its approval – such an arrangement would not sufficiently address the data security, counter-intelligence, and covert influence threats posed by ByteDance’s continued role in the provision of social media services in the United States.  More importantly, the bipartisan law the Congress overwhelmingly passed explicitly proscribes such an arrangement – both by categorically prohibiting a qualified divesture from being operated directly or indirectly (including through a parent company, subsidiary, or affiliate) by ByteDance, TikTok or a subsidiary or successor of either company, as well as by requiring that any qualified divestiture preclude “the establishment or maintenance of any operational relationship between the United States operations of the relevant foreign adversary controlled application and any formerly affiliated entities that are controlled by a foreign adversary, including any cooperation with respect to the operation of a content recommendation algorithm or an agreement with respect to data sharing.” 

    A successful and comprehensive divestiture will require any successor to scrupulously prevent influence or access by ByteDance or other entities under the jurisdiction of the People’s Republic of China.  The deal being discussed undermines confidence that the divested app can be trusted to protect national security and ensure compliance with the law. For instance, industry outlets currently note that the company announced to manage the divested operations, Oracle, has facilitated ByteDance’s access to controlled advanced semiconductors, raising concerns about its willingness to proactively safeguard U.S. interests. Perhaps more concerningly, Oracle has recently suffered two significant data breaches – including a compromise to sensitive health records hosted by its Oracle Health division, as well as a separate breach involving Oracle Cloud.  Each of these incidents – that Oracle has continued to publicly deny despite sustained reports of confirmation and of private acknowledgement to clients – raise questions about whether Oracle can be trusted as the custodian of sensitive TikTok user data.

    In addition, it appears that the efforts to facilitate a qualified divestiture have not followed the substantive, risk-based inter-agency process contemplated in the law.  Rather, reports have consistently painted a picture of an ad hoc process, driven by White House personnel.  Perhaps most concerning, you have explicitly suggested that your compliance with the statutorily mandated divestiture could be tied to negotiations over tariffs with the People’s Republic of China.

    Congress retains the constitutional authority to regulate foreign and interstate commerce.  I strongly encourage you actually adhere to the law Congress passed and immediately convene an inter-agency team to evaluate any prospective divestiture based on genuine, risk-based criteria.  Any qualified divestiture must ensure a clean operational break from ByteDance and TikTok USA, including by preventing either company from continuing to develop, influence, or access personal data or source code (including the content recommendation algorithm) maintained by the divested company.

    Sincerely,

     

    MIL OSI USA News

  • MIL-OSI USA: Warner, Reed, Coons Lead National Security Members in Letter Expressing Concern over Recent Firings at NSA

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner

    WASHINGTON – Today, Vice Chairman of the Senate Select Committee on Intelligence Mark R. Warner (D-VA), Ranking Member of the Senate Armed Services Committee Jack Reed (D-RI), and Ranking Member on the Senate Appropriations Subcommittee on Defense Chris Coons (D-DE), led their committee colleagues in a letter to President Trump regarding the firing of the Director of the National Security Agency (NSA) and Commander of U.S. Cyber Command (CYBERCOM), General Timothy Haugh, as well as the reassignment of the Deputy Director of the NSA, Wendy Noble.

    Joining Vice Chairman Warner and Ranking Members Reed and Coons in this letter are Sens. Patty Murray (D-WA), Jeanne Shaheen (D-NH), Dick Durbin (D-IL), Gary Peters (D-MI), Brian Schatz (D-HI), Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Ron Wyden (D-OR), Michael Bennet (D-CO), Tammy Duckworth (D-IL), Kirsten Gillibrand (D-NY), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Tim Kaine (D-VA), Angus King (I-ME), Jon Ossoff (D-GA), Jacky Rosen (D-NV), Elissa Slotkin (D-MI), Mark Kelly (D-AZ), Tammy Baldwin (D-WI), and Chris Murphy (D-CT).

    “These actions severely compromise our ability to keep Americans safe. As you are well aware, our nation currently faces serious cyber threats from foreign adversaries, such as from China’s Salt Typhoon, with near-daily attacks against our critical infrastructure,” the senators wrote. “In addition, our nation’s military is engaged in ongoing operations against multiple threats, from the Houthis in Yemen to Russian aggression in Eastern Europe. Given the dangers facing the United States, it is inexplicable that the Administration would remove the senior leaders of NSA/CYBERCOM without cause or warning, and risk disrupting critical ongoing intelligence operations.”

    The senators also highlighted the impact this move would have on the dual-hat arrangement, in which a single officer leads both the NSA and CYBERCOM, and stressed that prematurely severing this agreement could put U.S. national security at risk.

    They continued, “Premature termination of the dual-hat arrangement would severely degrade the speed and effectiveness of NSA’s and CYBERCOM’s abilities to execute their missions and could have dire consequence for our national security. As Congress on an overwhelmingly bipartisan basis has repeatedly made clear in the National Defense Authorization Acts for Fiscal Years 2017, 2018, and 2020, clear criteria must be met before any termination can be considered and both the Secretary of Defense and the Chairman of the Joint Chiefs must together certify that separation will not “pose risks to the military effectiveness of the United States Cyber Command that are unacceptable to the national security interests of the United States.”

    As members of the key committees tasked with conducting oversight over NSA, the senators requested written justification for why Director Timothy Haugh and Ms. Wendy Noble were removed from their posts, and asked for a Congressional briefing regarding any additional actions the administration plans to take with respect to NSA and CYBERCOM, including but not limited to the separation of the dual-hat.

    A copy of letter is available here and text is below.

    Dear President Trump,

    We write with alarm at the sudden and inexplicable firing of the Director of the National Security Agency (NSA) and Commander, U.S. Cyber Command, General Timothy Haugh, as well as the reassignment of the Deputy Director of the NSA, Wendy Noble. Not only have both dutifully served this nation for decades under both Democratic and Republican administrations, but their removals were conducted in the middle of the night with no consultation with Congress and, according to reports, at the behest of a private citizen who has a record of promoting conspiracy theories.

    These actions severely compromise our ability to keep Americans safe. As you are well aware, our nation currently faces serious cyber threats from foreign adversaries, such as from China’s Salt Typhoon, with near-daily attacks against our critical infrastructure. In addition, our nation’s military is engaged in ongoing operations against multiple threats, from the Houthis in Yemen to Russian aggression in Eastern Europe. Given the dangers facing the United States, it is inexplicable that the Administration would remove the senior leaders of NSA/CYBERCOM without cause or warning, and risk disrupting critical ongoing intelligence operations.

    Furthermore, we urge you to exercise careful consideration and consultation with Congress on any further actions that may impact NSA’s or CYBERCOM’s abilities to provide the critical intelligence and operational support to policymakers and warfighters. This includes, but is not limited to, any considerations to terminate the dual-hat arrangement. Premature termination of the dual-hat arrangement would severely degrade the speed and effectiveness of NSA’s and CYBERCOM’s abilities to execute their missions and could have dire consequence for our national security. As Congress on an overwhelmingly bipartisan basis has repeatedly made clear in the National Defense Authorization Acts for Fiscal Years 2017, 2018, and 2020, clear criteria must be met before any termination can be considered and both the Secretary of Defense and the Chairman of the Joint Chiefs must together certify that separation will not “pose risks to the military effectiveness of the United States Cyber Command that are unacceptable to the national security interests of the United States.”

    As Members of the respective committees of oversight, we request that you formally provide in writing a justification for why Director Timothy Haugh and Ms. Wendy Noble were removed from their posts and provide a briefing to Congress on any additional actions you plan to take with respect to NSA and CYBERCOM, including but not limited to the separation of the dual-hat.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Warren Sounds Alarm on Inexperienced Trump Nominee to Run Nuclear Arsenal

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    April 07, 2025

    “I am concerned that a leader without strong technical expertise and extensive experience could put our nuclear deterrent at risk and waste billions of dollars.” 

    “The person confirmed to lead the NNSA…must also make it abundantly clear that they would not share information with companies that might support China’s own nuclear modernization efforts, further jeopardizing American national security.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) wrote to Mr. Brandon Williams, nominee for Under Secretary of Energy for Nuclear Security and Administrator of the National Nuclear Security Administration (NNSA), with concerns over his lack of experience and potential ties to the Chinese government through his business. Mr. Williams’ nomination will be considered by the Senate Armed Services Committee on April 8, 2025. 

    The NNSA is tasked with the design, production, and maintenance of the nation’s nuclear arsenal, along with ensuring the safety, security, and reliability of the country’s nuclear weapons. By law, anyone nominated for the position must “have extensive background in national security” and be “well qualified to manage nuclear weapons.” Each of the six previous Under Secretaries for Nuclear Security and NNSA Administrators had strong backgrounds in fields related to nuclear technology or national security. William’s two most recent predecessors each worked for more than 30 years in nuclear security before taking on the role. 

    Mr. Williams lacks any of the extensive technical experience of his predecessors. He completed a training at the Naval Nuclear Power School and served as a junior officer on a nuclear submarine, but does not possess any advanced degree in physics or engineering. The NNSA is in the middle of a $200 billion nuclear modernization project, which the Government Accountability Office has found already exceeded initial cost estimates by more than $2 billion and is behind by almost 10 years. Williams’ lack of experience raises concerns about his ability to effectively manage the nuclear arsenal.  

    “I am concerned that a leader without strong technical expertise and extensive experience could put our nuclear deterrent at risk and waste billions of dollars,” said Senator Warren.

    Senator Warren also called out Mr. Williams’ ties to the Chinese government through his software cloud computing company, CPLANE.ai. In 2013, after founding the company, Mr. Williams partnered with PCCW Global, which was partially controlled by the Chinese government through China Unicom, a company banned from U.S. markets in 2018 due to “spying concerns.” 

    “The person confirmed to lead the NNSA…must also make it abundantly clear that they would not share information with companies that might support China’s own nuclear modernization efforts, further jeopardizing American national security,” concluded Senator Warren. 

    Senator Warren asked Mr. Williams to explain whether he supports DOGE’s mass firings at NNSA, how he plans to address his experience shortfalls, asked him to commit to not share information that would compromise national security interests, and more, by April 14, 2025. 

    Senator Warren has long worked to ensure the stability and safety of the United States nuclear arsenal: 

    • In March 2025, Senator Elizabeth Warren slammed Elon Musk and the Department of Government Efficiency’s (DOGE) reckless firings of federal employees, including at the NNSA, where workers who ensure the safety and security of the country’s nuclear stockpile were fired and had to be rehired. 
    • In January 2025, Senator Elizabeth Warren wrote to Elon Musk with recommendations that would cut at least $2 trillion in government waste, including cutting nearly $2 billion in NNSA yearly spending on plutonium pit production at the Savannah River Site. 

    MIL OSI USA News

  • MIL-OSI Submissions: Global Economy – China braces for tariff shock with strategic policy measures, says GlobalData

    Source: GlobalData

    Following President Donald Trump’s announcement of sweeping unprecedented tariffs on Chinese imports;

    Arnab Nath, Associate Project Manager, Business Fundamentals at GlobalData, a leading data and analytics company, offers his view:

    “In a move set to redefine global trade dynamics, the US President Donald Trump has announced a sweeping 34% hike in tariffs on Chinese imports—bringing the total tariff burden to 54%. These measures, scheduled to take effect from 09 April 2025, follow the rollout of a broader 10% universal tariff on all US imports, effective 05 April. GlobalData forecasts China’s GDP growth to slow to 4.2% in 2025 and 4.1% in 2026, down from 4.8% in 2024, amid these tariffs and ongoing domestic challenges such as a property market downturn and weak consumer demand.

    “In response, China announced to impose a 34% retaliatory tariff on all US imports starting 10 April, alongside immediate restrictions on exports of seven rare earth minerals vital to global supply chains. The moves mark a significant escalation in US-China trade tensions, reviving fears of a full-blown trade war like the 2018-19 standoff. With Chinese goods exports to the US totalling $524.9 billion in 2024 (ITC Trade Map data), key sectors—electronics, machinery, and consumer goods—face significant headwinds in the coming 12 months.

    “To offset the economic impact, Beijing is preparing macroeconomic support. Policymakers may reduce the reserve requirement ratio (RRR), cut interest rates, and boost fiscal spending through special treasury bonds and deficit financing. These efforts aim to stimulate domestic demand and safeguard market confidence.

    “Despite the near-term strain, China is accelerating trade diversification, enhancing links with ASEAN, Latin America, and the Middle East. While exporters—especially SMEs—may face immediate pressure, China’s fiscal and monetary readiness positions it to weather this shock and recalibrate global trade relationships.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News

  • MIL-OSI USA: WATCH: Pressley at Hands Off Rally in Boston: “This is Our Chapter of the Civil Rights Movement”

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    In Powerful Remarks, Pressley Invoked Spirit, Courage and Stamina of Past Generations to Fight Musk-Trump Agenda

    BOSTON – This weekend, Congresswoman Ayanna Pressley (MA-07) delivered powerful remarks at the “Hands Off” rally in Boston in which she invoked the spirit, courage, and stamina of past generations of activists to defend against Donald Trump and Elon Musk’s cruel vision for America.

    A full transcript of the Congresswoman’s remarks, as delivered, is available below and the full video is available here.

    Transcript: Rep. Pressley’s Powerful Remarks at ‘Hands Off’ Rally in Boston
    City Hall Plaza, Boston
    April 5, 2025

    Hello movement family!

    I know why you’re all here. You’re here because, like me, you are tired of these billionaire boys and their grubby little hands.

    Movement family, it is wonderful to be here with you. Thank you for being here. You could have been anywhere else today, but you chose to be here because you recognize that we are one human family, and our freedoms and our destinies are tied. 

    You are a beautiful sight to behold, and you affirm that the power of the people has always been greater than the people in power. 

    And as my good sister, the Reverend Mariama White-Hammond reminds us, that has always been true. It was true in Seneca Falls. It was true in Selma. It was true at Stonewall. 

    And it is just as true today, and it is only fitting on this day. Exactly 40 years ago, a coalition of Black liberation leaders, women’s groups, student organizers, and unions came together for a national day of protest. They were calling for an end to South Africa’s system of apartheid. 

    A system that disappeared political dissidents, suppressed free speech, and divided a nation. Sound familiar?

    The same system that made millions for a South African segregationist by the name of Elon Musk. Oh yeah, he gets it honest. The same system that produced the world’s richest white supremacist, a Nazi nepo baby, Elon Musk. 

    You see, history has a way of repeating itself, and that’s why we need to take heed to what the past has taught us, that opposition out-worked, out-organized and outlasted those in power until the apartheid regime came crashing down. 

    And that’s why we’re all here today, to resist and to reject the cruel and dark vision that Donald Trump has for this country, that he has for our country. 

    You know, the reason Donald Trump and his sycophants have a campaign against being woke, the reason they’re anti-woke is because they want you to stay asleep. They want you to be ignorant. They want you to be indifferent. They want you to be inactive. 

    But you’re all here because we are going to match their energy. This is an unprecedented moment, a constitutional crisis that we will meet with unprecedented organizing, mobilizing, agitating. 

    This is our chapter of the Civil Rights Movement, which we are still very much in. Look around the great Coretta Scott King reminds us that freedom is never really won. We must earn it and win it in every generation. And this is our time. 

    This is our time because there will always be an Elon Musk, this is our time because there will always be a Jeff Bezos. This is our time because there will always be a Donald Trump who will try to enrich themselves at the cost of our freedom and our humanity. 

    So collectively, we resist and we reject and we say, hands off.

    Hands off our bodies.

    Hands off our Medicaid. 

    Hands off our Social Security.

    Hands off our Constitution.

    Hands off our democracy. 

    Hands off our Black history books, libraries, museums.

    Hands off our cancer research.

    Hands off our immigrant neighbors.

    Hands off our disabled siblings.

    Hands off the LGBTQ community. 

    You’re all here to say hands off because, well, you give a damn. You give a damn about your neighbor, you give a damn about this country, you give a damn about our democracy. And you’re here to match the energy and to meet the moment, to summon the same stamina that my brother, colleague, Senator Booker did. 

    So I have a call to action for you. I have a call to action for you that you summon the stamina, that you summon the courage, that you summon the spirit, that you summon—that you summon the courage of this movement that I am so proud to be an ally of. That we center the dignity and the humanity of all people. 

    We welcome all voices, especially when they’re dissenting, because the people here believe in free speech.

    But I need you all to summon the stamina, the courage, and the spirit of the Maverick Moms in the 1960s from East Boston. 

    I need you to summon the stamina, the courage, and the spirit of Mel King and the activists in the 1960s at Tent City in the South End. 

    I need you to summon the stamina, the courage, and the spirit of Dr. King on April 22 with 20,000 people assembled on the Boston Common for the first civil rights march in the Northeast. 

    I need you to summon the courage, the spirit, and the stamina of Chinatown activists for Parcel C in the 1970s against environmental injustice. 

    I need you to summon the stamina, the spirit, and the courage of those activists in the 1970s of Jamaica Plain and Roxbury to stop the highway and wake up the earth. 

    This is the tradition that you are all a part of.

    You are freedom fighters. You are democracy defenders, you are patriots. 

    So when you go home today, roll up your sleeves and ask yourself, what’s next? Because that is how we win this. 

    And I’ll close with the words of a movement sister who recently transitioned, the great Cecile Richards of Planned Parenthood. While she was in the midst of her cancer battle, she was still fighting, and people asked, “Cecile, what are you doing here? You’re in the fight of your life?” And she countered, “because one day the question will be asked, when everything was at stake for the country, what did you do? 

    And the only acceptable answer will be “everything that I could.” 

    I love you, movement, family!

    MIL OSI USA News

  • MIL-Evening Report: New research shows digital technology is linked to reduced wellbeing in young kids. So what can parents do?

    Source: The Conversation (Au and NZ) – By Jacquelyn Harverson, PhD Candidate, School of Psychology, Deakin University

    Alex Segre/ Shutterstock

    Once upon a time, children fought for control of the remote to the sole family television. Now the choice of screen-based content available to kids seems endless. There are computers, tablets, phones and gaming consoles offering streaming services, online content and apps.

    Children also use devices at school, with digital literacy part of the Australian curriculum from the start of school.

    The speed and scale of this change has left parents, researchers and policymakers scrambling to catch up. And it has inevitably led to concerns about screen use, as well as guidelines about limiting their use.

    Our new study looks at the links between digital technology use and young children’s wellbeing, specifically for those aged four to six.

    Our comprehensive analysis shows children who spend longer periods using digital technologies are more likely to have social, emotional and behavioural difficulties. However, we can’t say at what age or level of screen use these negative effects are likely to become evident.

    But for parents trying to navigate a world where technology is all around us, our study also shows there are things they can do to help their kids use screens in healthier ways.




    Read more:
    Why parents need to be like Big Ted and ‘talk aloud’ while they use screens with their kids


    Our study

    We carried out a systematic review of the research literature on children’s use of digital devices since 2011 (after the Apple iPad was launched). This means we examined all the available peer-reviewed research on digital devices and their impact on wellbeing for children.

    We also focused on ages four to six age as it is a time when children are developing rapidly and beginning school. Other studies have focused on particular types of device. But we included all kinds of digital devices in our search – from televisions to phones, tablets and gaming consoles – to make sure we could provide comprehensive analysis of what kids are using.

    The studies came from 20 countries, including Australia, China, the United States, Turkey, Germany and Canada. They were almost exclusively based on parents’ reports of their children and include more than 83,000 parents.

    Our research also showed the the type of content children consume is important – not just the time it takes.
    Morrowind/Shutterstock

    4 areas of child wellbeing

    From this, we analysed the relationship between children’s technology use and the following four areas:

    1. psychosocial wellbeing: an overall measure that captures children’s happiness, as well as social and emotional adjustment.

    2. social functioning: children’s social skills, including how well they get along with their peers.

    3. the parent-child relationship: the level of closeness or conflict between parents and their children.

    4. behavioural functioning: the absence of behavioural difficulties such as tech-related tantrums, hyperactivity, depression or anxiety.

    We did this with a meta-analysis – a statistical method that uses data from multiple studies to draw conclusions.




    Read more:
    3 ways to help your child transition off screens and avoid the dreaded ‘tech tantrums’


    What we found

    Our analysis found more digital technology use in young children was associated with poorer wellbeing outcomes across the four areas.

    It is important to note correlation doesn’t equal causation. The scope of the research means at this point, it is not possible to identify the exact reasons behind the negative relationships.

    But we do know the more time children spent watching TV, playing on iPads or apps, the more likely they were to have problems with behaviour, social skills, their relationship with their parents, and their emotional wellbeing.

    But tech use is more than just time

    Our research also brought together emerging evidence which shows the relationship between digital tech use and child wellbeing is complex.

    This means the type of content children consume, and the context in which they consume it, can also have a bearing on their wellbeing. The research shows there are several ways parents can guide their children to potentially mitigate the negative links with social, emotional and behavioural wellbeing.

    With this in mind, how can you encourage healthier screen use?

    Our research showed if parents watch with their kids, it can open up opportunities for conversation and interaction.
    Ketut Subiyanto/Pexels, CC BY

    3 tips for kids and screens

    1. Keep an eye on the clock

    The research cannot provide a specific “time limit” for screen use. But you can still be mindful of how much time your child spends on devices both at home and at school – moderation is key.

    Try and mix screen time with other activities, such as time outside or time with friends and family, books or imaginary play.

    2. Seek out quality

    Research shows encouraging high-quality educational content during screen use may curb negative links between tech use and wellbeing.

    Consider swapping fast-paced cartoons and time spent on lots of short clips with educational viewing, for example ABC kids programs that promote learning.

    Introduce your child to age-appropriate educational and interactive games that challenge them and encourage them to be creative.

    3. Use tech together

    Tech time isn’t just for kids – parents can also join in.

    Solo tech use may reduce opportunities for positive social interactions. But watching or playing with friends or family opens up opportunities for conversation, working together and learning.

    This could include watching a movie together and talking about the characters, working on an online puzzle together or learning new coding skills together.

    Jacquelyn Harverson is affiliated with the Australian Research Council Centre of Excellence for the Digital Child.

    Louise Paatsch receives funding from Australian Research Council Centre of Excellence for the Digital Child

    Sharon Horwood is affiliated with the Australian Research Council Centre of Excellence for the Digital Child.

    ref. New research shows digital technology is linked to reduced wellbeing in young kids. So what can parents do? – https://theconversation.com/new-research-shows-digital-technology-is-linked-to-reduced-wellbeing-in-young-kids-so-what-can-parents-do-253637

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: ICYMI: U.S. Shouldn’t Depend on China for Critical Minerals

    US Senate News:

    Source: United States Senator for Idaho James E Risch

    BOISE, Idaho – Last week, U.S. Senator Jim Risch outlined the immediate steps Congress can take to strengthen America’s critical mineral supply and support President Trump’s pro-energy agenda in a new editorial published by Newsweek.

    To read the full OpEd, click here.

    U.S. Shouldn’t Depend on China for Rare Minerals

    Excerpts from the editorial:

    “The United States possesses vast reserves of critical minerals vital for our national security, industrial production, and everyday consumer goods. But stifling regulations and unnecessary red tape have made us reliant on foreign sources for minerals we can find at home—directly undermining our military readiness and economic security.

    “President Donald Trump‘s executive order on American mineral production provides a much-needed opportunity to reverse this troubling trajectory, better leverage our domestic natural resources, and achieve self-sufficiency.

    “[. . .]China’s recent decision to cut antimony supplies underscores the danger of this situation. Antimony is an indispensable ingredient in ammunition, fireproofing military equipment, nuclear systems, and much more. The U.S. has no domestic antimony source currently in production, despite having high-grade reserves waiting to be tapped. We have placed our security completely at the mercy of the Chinese government’s whims. But fortunately, we don’t have to look far to course correct.

    “Projects like the Stibnite Gold Project in my home state of Idaho can fulfill our domestic needs. With a 148-million-pound reserve of antimony, it stands as the largest source of the element outside of Beijing’s control. However, the grueling road to production—currently slated to start in 2028, 18 long years after the project started—illustrates how U.S. policy has left our nation vulnerable.

    “Antimony is not a singular example[. . .]We have neglected our own resources, allowing ourselves to depend on Communist China for strategic minerals readily available in our own backyard.”

    “[. . .]We, in Congress, must stand ready to support the vision President Trump has put forward to have a lasting impact. Now is the time to forge a comprehensive strategy that invests in domestic mining projects, revitalizes processing capacity, and restores the American industrial base as the envy of the world. We must make it clear that the United States is leading rather than following in the global race for critical minerals.

    MIL OSI USA News

  • MIL-Evening Report: Donald Trump has gatecrashed the federal election. It’s creating huge challenges for Australia’s next government

    Source: The Conversation (Au and NZ) – By Rebecca Strating, Director, La Trobe Asia, and Professor of International Relations, La Trobe University

    Much of the world is finding out it’s a very difficult time to be a friend and ally of the United States.

    That includes the major parties vying for power at the May 3 federal election. While voters may be preoccupied with the cost of living, it’s impossible to ignore the global tumult caused by the second Trump administration.

    Who would have thought six months ago that the US would vote alongside Russia and North Korea on UN resolutions on Ukraine, while China abstained? Or that it would propose transforming Gaza into a Mediterranean resort?

    Given the uncertainty reverberating across the globe, do we need to rethink our major foreign relations? Will the ANZUS alliance survive the second Trump presidency unscathed?

    Whoever forms Australia’s next government must diversify its approach to foreign policy to include more engagement with partners in Asia and the Pacific. It does not mean abandoning the US alliance, but it does mean avoiding over-reliance.

    Friends like these

    US President Donald Trump’s widespread imposition of tariffs is unravelling the global economic order.

    Australia was not specifically singled out for punishment. Nevertheless, the 10% slug on Australian imports prompted Prime Minister Anthony Albanese to condemn the tariffs as illogical:

    they go against the basis of our two nations’ partnership. This is not the act of a friend.

    Opposition Leader Peter Dutton was equally frank when he complained about Australia’s poor treatment:

    We have a special relationship with the United States and it hasn’t been treated with respect by the administration or the president.

    We have been let off relatively lightly compared with many other economies. But there may be an unforeseen strategic impact on Australia. For example, will other countries in our region decide that China is a more trustworthy partner than the US? What would that do for regional stability?

    Dutton has questioned whether Albanese has the right character as leader to deal effectively with Trump.

    It is unlikely any Australian prime minister could have done much to avoid the tariffs. We should consider the possibility that Trump doesn’t think much about Australia, which will shape the bilateral relationship for the foreseeable future.

    US vs China

    Trump himself remains the wild card. His administration has prioritised ending the war in Ukraine, alienating European allies along the way.

    The question for partners in Asia, including Australia, is whether the US is clearing the decks in Europe so it can focus on its main competitor: China. There are plenty of Beijing hawks in the administration, and China has been slapped with the steepest tariffs, which total 54%.

    In Australia, we often worry about being dragged into a great power conflict in the region. And we do appear to be entering a world of even more rapid militarisation, with all the security risks that would entail.

    The signing of the AUKUS submarine agreement in 2021 was one of the clearest signals to date that Australia was siding unequivocally with Washington. In the same year, Dutton declared it “inconceivable” Australia would not join the US in defending Taiwan if it was attacked by China.

    But now, there is an entirely different issue Australia needs to consider. The US rapprochement with Russia might be interpreted as a portent of future deal-making with other authoritarian leaders, including Xi Jinping.

    We can’t rule out Trump and Xi cutting a highly transactional deal on Chinese annexation of Taiwan. While this is unlikely, the security calculus now needs to incorporate a diverse range of plausible futures that previously seemed off the table.

    A Taiwan bargain would make regional partners, including Australia, extremely nervous. If the US is willing to abandon Taiwan, it might be willing to abandon other allies as well.

    Higher defence spending

    The recent transit through Australian waters by Chinese naval vessels focused attention on whether Australian defence capabilities are sufficient to protect our coastline – and whether the Albanese government’s response was too tepid.

    Yet, it is the opposition that has tempered its rhetoric on China, notwithstanding its policy commitment to end the 99-year lease of the Port of Darwin to Chinese firm Landbridge.

    Peter Dutton has declared himself to be “pro-China”:

    the relationship with China will be much stronger than it is under the Albanese government

    This reflects lessons learned from the last election when a stronger tone on China hurt the Coalition among Mandarin-speaking voters.

    Rather than talking up the China threat, the narrative is instead around the need to increase defence spending.

    The Trump administration wants Australia to share more of the burden by lifting defence spending above 3% of GDP. Such a ramp-up may not be feasible in financial terms.

    While Australia does need to boost military capabilities, increased spending should be determined by independent, evidence-based assessments of Australia’s defence needs.

    Alliance will endure

    Neither major party is questioning the alliance, which will survive the second coming of Trump. Nor will there be any debate over the AUKUS submarines, for which there is bipartisan support.

    Any difference between Labor and the Coalition is likely to be on the periphery. However, one important difference will be how the respective parties think about our region. As Dutton recently demonstrated, the Coalition is less focused than Labor on relations with Asia.

    While Trump is sucking up much of the oxygen in Australia’s foreign relations, we simply cannot afford to forget about our partners throughout the Asia-Pacific.


    This is the second article in our special series, Australia’s Policy Challenges. You can read the first piece in the series here.

    Rebecca Strating receives funding from the Australian Department of Foreign Affairs and Trade.

    ref. Donald Trump has gatecrashed the federal election. It’s creating huge challenges for Australia’s next government – https://theconversation.com/donald-trump-has-gatecrashed-the-federal-election-its-creating-huge-challenges-for-australias-next-government-251912

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Video: Palestinian Red Crescent Society on the recent deaths of members – Press Conference | United Nations

    Source: United Nations (Video News)

    Hybrid press briefing sponsored by the Permanent Observer Mission of the International Federation of Red Cross and Red Crescent Societies (IFRC) to the United Nations on the recent deaths of members of Palestinian Red Crescent Society (PRCS).   

    Speakers:
    H.E. Dr. Younis Al-Khatib, President of PRCS
    Mr. Marwan Jilani, Vice President of PRCS. 

    Moderator:
    Mr. Dylan Winder, Permanent Observer of the IFRC.

    The President of the Palestinian Red Crescent Society (PRCS), Dr. Younis Al-Khatib told reporters in New York that he had presented audiovisual evidence and had urged the Security Council “to support the call for an independent and thorough investigation” following the discovery of the bodies of eight missing medics from the PRCS in a mass grave in Gaza.

    According to the he International Federation of Red Cross and Red Crescent Societies (IFRC) an emergency medical team of nine disappeared along with their ambulances after they came under heavy fire in Al-Hashashin on 23 March. After seven days, the bodies of ambulance officers Mostafa Khufaga, Saleh Muamer and Ezzedine Shaath and first responder volunteers Mohammad Bahloul, Mohammed Al-Heila, Ashraf Abu Labda, Raed Al Sharif and Rifatt Radwan were retrieved. Ambulance officer Assad Al-Nassasra is still missing.

    Describing the evidence, Al-Khatib said, “I heard the voice of one of those team members who was killed. And his phone was found with this body. And he recorded the whole event. His last words, before being shot. Forgive me, mom. I just wanted to help people. I wanted to save lives. And then he was killed.”

    Al-Khatib said, “we were praying that they will be alive. They kept us for eight days in the dark. Now, the only information we know that Assad is missing. But there’s somebody who knows whether Assad has been killed somewhere else, or Assad is detained in Israeli jails.”

    The Vice President of the PRCS, Marwan Jilani, said, “I think the scale of this crime should force, that it should oblige the international community to do more and not to accept that this would be another incident that goes in the files and be forgotten after a few days.”

    Asked how the video evidence presented to the Council was obtained, he said, “this was the phone of one of our EMS members, of the paramedics who was killed. So, the phone was on his body. The phone was in his pocket. So, it was with him. That’s why we retrieved that video. There is a longer video, As I said, we will look into it, first of all, this is evidence, and we will deal with it as such.”

    https://www.youtube.com/watch?v=PP6UaHYp1QE

    MIL OSI Video

  • MIL-OSI Europe: Press release – MEPs travel to Washington DC to discuss transatlantic relations with US counterparts

    Source: European Parliament

    The European Parliament’s delegation for relations with the United States will travel to the US capital from Wednesday to Friday for talks with representatives of the US Congress.

    The visit by MEPs takes place against the backdrop of US President Donald Trump’s recent announcement of sweeping tariffs on global trade partners. In Washington DC, the delegation, led by Brando Benifei (S&D, Italy), will meet primarily with representatives of the US Congress, in part to prepare for the next Transatlantic Legislators’ Dialogue (TLD), a forum of leading lawmakers designed to strengthen relations between the European Parliament and Congress.

    On Thursday, MEPs will meet with members of the US House committee dealing with strategic competition between the US and China, and with the new leadership of the House Foreign Affairs Committee and members of the House EU Caucus. Discussions are expected to centre on developments in Europe, not least in relation to Ukraine, as well as on bilateral trade, EU-NATO cooperation, the future of transatlantic ties, and relations with China. On Thursday and Friday, MEPs will hold meetings with US State Department representatives, as well as with think tanks and representatives of the US Chamber of Commerce.

    The MEPs taking part in the delegation are members of the Transatlantic Legislators’ Dialogue enlarged bureau. In addition to Mr Benifei, the delegation will comprise: European Parliament Vice-President Sophie Wilmès (Renew Europe, Belgium), Foreign Affairs Committee Chair David McAllister (EPP, Germany), International Trade Committee Chair Bernd Lange (S&D, Germany) and Foreign Affairs Committee standing rapporteur for the US Michał Szczerba (EPP, Poland).

    Press contact travelling with the delegation:

    Karolina Wozniak
    Tel: +1-771-208-9171
    Email: karolina.wozniak@europarl.europa.eu

    MIL OSI Europe News

  • MIL-OSI Video: International Jazz Day 2025 All-Star Global Concert (Abu Dhabi, UAE) | United Nations

    Source: United Nations (Video News)

    The global celebration of International Jazz Day 2025 culminates in Abu Dhabi, a UNESCO Creative City of Music.

    Led by iconic pianist Herbie Hancock and hosted by Academy Award-winning actor Jeremy Irons, this concert will bring together an extraordinary lineup of renowned jazz, blues, classical, and hip-hop artists from around the world.

    Among those set to perform: Arqam Al Abri (UAE), John Beasley (USA), Dee Dee Bridgewater (USA), A Bu (China), Terri Lyne Carrington (USA), Kurt Elling (USA), José James (USA), Rhani Krija (Morocco), John McLaughlin (UK), Hélène Mercier (France/Canada), Marcus Miller (USA), Linda May Han Oh (Australia), John Pizzarelli (USA), Dianne Reeves (USA), Arturo Sandoval (USA), Naseer Shamma (Iraq), Danilo Pérez (Panama), and Varijashree Venugopal (India). Additional artists will be announced in the coming weeks.

    About the International Jazz Day:

    Established by the General Conference of UNESCO in 2011 and recognized by the United Nations General Assembly, International Jazz Day brings together countries and communities worldwide every April 30. The annual International Jazz Day celebration highlights the power of jazz and its role in promoting peace, dialogue among cultures, diversity and respect for human dignity.

    International Jazz Day has become a global movement reaching more than 2 billion people annually on all continents through education programs, performances, community outreach, radio, television and streaming, along with electronic, print and social media. The Herbie Hancock Institute of Jazz is the lead nonprofit organization charged with planning, promoting and producing International Jazz Day each year.

    “We are thrilled to celebrate this International day on a high note in the UNESCO Creative City of Music Abu Dhabi. This edition will highlight the city’s rich tapestry of creativity and cultural heritage while showcasing jazz’s ability to connect communities and promote dialogue and peace across continents.” Audrey Azoulay, UNESCO Director-General.

    More information: https://jazzday.com/

    https://www.youtube.com/watch?v=V2m0Zq5wEQM

    MIL OSI Video

  • MIL-OSI USA: CEA Chairman Steve Miran Hudson Institute Event Remarks

    US Senate News:

    Source: The White House
    Today I’d like to discuss the United States’ provision of what economists call “global public goods,” for the entire world.  First, the United States provides a security umbrella which has created the greatest era of peace mankind has ever known.  Second, the U.S. provides the dollar and Treasury securities, reserve assets which make possible the global trading and financial system which has supported the greatest era of prosperity mankind has ever known. 
    Both of these are costly to us to provide.  On the defense side, our men and women in uniform take heroic risks to make our nation and the world safer, preserving our liberties generation after generation.  And we tax hardworking Americans mightily to finance global security.  On the financial side, the reserve function of the dollar has caused persistent currency distortions and contributed, along with other countries’ unfair barriers to trade, to unsustainable trade deficits.  These trade deficits have decimated our manufacturing sector and many working-class families and their communities, to facilitate non-Americans trading with each other.
    Let me clarify that by “reserve currency,” I mean all the international functions of the dollar—private savings and trade included.  I’ve often used the example that when private agents in two separate foreign countries trade with each other, it’s typically denominated in dollars because of America’s status as the reserve provider.  That trade entails savings housed in dollar securities, often Treasurys.  As a result of all this, Americans have been paying for peace and prosperity not just for themselves, but for non-Americans too.
    President Trump has made it clear that he will no longer stand for other nations free-riding on our blood, sweat, and tears, whether in national security or trade.  The Trump Administration has already, in its first hundred days, moved forcefully to reorient our defense and trading relationships to place Americans on fairer ground.  The President has promised to rebuild our broken industrial base and pursue trade terms that put American workers and businesses first.
    I’m an economist and not a military strategist, so I’ll dwell more on trade than on defense, but the two are deeply connected.  To see how it works, imagine two foreign nations, say China and Brazil, trading with each other.  Neither country has a currency that is trusted, liquid, and convertible, which makes trading with each other challenging.  However, because they can transact in U.S. dollars backed by U.S. Treasuries, they are able to trade freely with each other and prosper.  Such trade can only occur because of U.S. military might ensuring our financial stability and the credibility of our borrowing.  Our military and financial dominance cannot be taken for granted; and the Trump Administration is determined to preserve them.
    But our financial dominance comes at a cost.  While it is true that demand for dollars has kept our borrowing rates low, it has also kept currency markets distorted.  This process has placed undue burdens on our firms and workers, making their products and labor uncompetitive on the global stage, and forcing a decline of our manufacturing workforce by over a third since its peak1 and a reduction in our share of world manufacturing production of 40%.
    We need to be able to make things in this country, as we saw during Covid, when many of our supply chains could not survive without being reliant on our biggest adversary, China.  We clearly should not rely on our biggest adversary for equipment essential to keeping our population safe and secure.  Nor should our biggest adversary be allowed to benefit so much from an international security and financial architecture we finance.
    There are other unfortunate side effects of providing reserve assets.  Others may buy our assets to manipulate their own currency to keep their exports cheap.  In doing so, they end up pumping so much money into the U.S. economy that it fuels economic vulnerabilities and crises.  For example, in the years running up to the 2008 crash, China along with many foreign financial institutions, increased their holdings of U.S. mortgage debt, which helped fuel the housing bubble, forcing hundreds of billions of dollars of credit into the housing sector without regard as to whether the investments made sense.  China played a meaningful role creating the Global Financial Crisis.  It took almost a decade to recover, until President Trump got us back on track in his first term.
    In my view, to continue providing these twin global public goods, there needs to be improved burden-sharing at the global level.  If other nations want to benefit from the U.S. geopolitical and financial umbrella, then they need to pull their weight, and pay their fair share.  The costs cannot be solely borne by everyday Americans who have already given so much.
    The best outcome is one in which America continues to create global peace and prosperity and remain the reserve provider, and other countries not only participate in reaping the benefits, but they also participate in bearing the costs.  By improving burden sharing, we can enhance resilience, and preserve the global security and trading systems for many decades into the future.
    Moreover, it is critical not just for fairness, but for capacity.  We are under siege by hostile adversaries trying to erode our manufacturing and defense industrial base and disrupt our financial system; we will be able to provide neither defense nor reserve assets if our manufacturing capacity is hollowed out.  The President has been clear that the United States is committed to remaining the reserve provider, but that the system must be made fairer.  We need to rebuild our industries to project the strength needed to protect reserve status, and we need to be able to pay our bills to do so.
    What forms can that burden sharing take?  There are many options, here are a few ideas:
    First, other countries can accept tariffs on their exports to the United States without retaliation, providing revenue to the U.S. Treasury to finance public goods provision.  Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods.
    Second, they can stop unfair and harmful trading practices by opening their markets and buying more from America;
    Third, they can boost defense spending and procurement from the U.S., buying more U.S.-made goods, and taking strain off our servicemembers and creating jobs here;
    Fourth, they can invest in and install factories in America.  They won’t face tariffs if they make their stuff in this country;
    Fifth, they could simply write checks to Treasury that help us finance global public goods.
    Tariffs deserve some extra attention.  Most economists and some investors dismiss tariffs as counterproductive at best and devastatingly harmful at worst.  They’re wrong. 
    One reason the economic consensus on tariffs is so wrong is because nearly all of the models that economists use to study international trade assume either no trade deficits at all, or assume that deficits are short-lived and quickly self-correct through currency adjustments.  According to standard models, trade deficits will cause the dollar to weaken, which reduces imports and boosts exports, eventually wiping out the trade deficit.  If that happens, tariffs may be unnecessary, because trade will balance itself over time and, in this view, intervening with tariffs can only make things worse.
    However, that view is at odds with reality.  The United States has run current account deficits now for five decades, and these have widened precipitously in recent years, going from about 2% of GDP in the first Trump Administration to a high of nearly 4% of GDP in the Biden Administration2.  And this has happened all while the dollar has appreciated, not depreciated!
    The long run is here, and the models are wrong.  One reason is that they fail to account for the U.S. provision of the global reserve currency.  Reserve status matters and, because demand for the dollar has been insatiable, it has been too strong for international flows to balance, even over five decades.
    More recent economic analyses3 allow for the possibility of persistent trade deficits that resist automatically rebalancing, which is more in line with reality in the U.S.  They show that by imposing tariffs against exporting countries, the U.S. can improve economic outcomes, raise revenues, and impose huge losses for the tariffed nation, even with full retaliation.
    In this sense, analysis of what economists call the “incidence” of tariffs indicates that a large share and burden of the tariffs are “paid for” by the country on which we’re applying the tariffs.  Countries that run large trade surpluses are pretty inflexible—they can’t find other sources of demand to substitute for America’s.  Instead, they have no choice but to export, and America is the largest consumer market in the world.  By contrast, America has plenty of substitution options: we can make stuff at home, or we can buy from countries that treat us fairly instead of from countries that take advantage of us.  This difference in leverage means that other countries end up bearing the cost of tariffs.
    In 2018-2019, China bore the cost of President Trump’s historic tariffs through a weaker currency, meaning their citizens became poorer, with less purchasing power on the global stage.  The tariff revenue, paid for by China, was used to finance President Trump’s tax cuts for American workers and firms.  This time around, tariffs will help pay for both tax cuts and deficit reduction.
    Lower taxes on Americans, financed in part by revenue provided from foreigners, will create economic growth, dynamism, and opportunity the likes of which our country has never seen, ushering in President Trump’s new Golden Age.  Deficit reduction will help lower Treasury rates, and with them mortgage rates and consumer credit card rates, stimulating an economic boom.
    It is important to note here that tariffs are not levied simply to collect revenues.  For example, the President’s reciprocal tariffs are designed to address tariff and non-tariff barriers and other forms of cheating like currency manipulation, dumping, and subsidies to gain unfair advantage.  Revenue is a nice side effect, and if it is used in part for lowering taxes, it can help turbo-charge competitiveness improvements that boost U.S. exports.
    Burden sharing can allow the United States to continue leading the free world for many decades.  It’s a must not only for fairness, but for feasibility.  If we don’t rebuild our manufacturing sector, we will be strained in providing the security we need for our safety and to underpin our financial markets.  The world can still have the American defense umbrella and trading system, but it’s got to start paying its fair share for them.  Thank you, and I am happy to take some questions.
    [1] https://fred.stlouisfed.org/series/MANEMP
    [2] https://data.worldbank.org/indicator/BN.CAB.XOKA.GD.ZS?locations=US
    [3] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5008591

    MIL OSI USA News

  • MIL-OSI United Nations: Ceasefire Monitoring ‘Can No Longer Be Just about Being Present’, Senior Official Tells Security Council, Noting New Capabilities for Real-Time Observation

    Source: United Nations MIL OSI b

    Ahead of the ministerial meeting on peacekeeping that will be held this May in Berlin, speakers in the Security Council today both urged the importance of technological advances to ceasefire monitoring and acknowledged that such efforts alone will not create the sustainable peace that the United Nations seeks to achieve in conflict zones around the world.

    Jean-Pierre Lacroix, Under-Secretary-General for Peace Operations, recalled that peacekeeping was originally conceived as a means to monitor a ceasefire or truce.  “The original mandate of UN peacekeepers was to provide impartial observation, meticulous reporting and confidence-building support for the political processes aimed at resolving conflicts peacefully,” he said.  Then — as now — effective ceasefire monitoring depends on strict adherence to the core peacekeeping principles of consent, impartiality and non-use of force to ensure that peacekeepers are always perceived as credible, unbiased observers who can accurately record and report incidents.

    However, spotlighting the “increasingly dynamic” nature of today’s operating environment, he stressed that ceasefire monitoring “can no longer be just about being present”.  Rather, it necessitates rapidly understanding — and acting on — what is happening on the ground.  To that end, technological advances offer the ability to increase impact by deploying monitoring capabilities beyond traditional demilitarized zones.  “Such capabilities allow us to observe vast and complex landscapes in real time, overcoming the limitations of older methods that relied primarily on physical presence,” he observed.

    Continuing, he reported that the Action for Peacekeeping-Plus digital transformation strategy is designed to enhance UN missions by providing better tools to swiftly detect violations, effectively coordinate responses and maintain the trust of communities served.  However, future monitoring efforts will have to address hazards that extend beyond traditional physical domains, including influence operations, cyberattacks and other hybrid threats.  He added:  “While peacekeeping can be an integral part of a ceasefire-monitoring regime, the success of any ceasefire remains the sole responsibility of the parties.”

    Next to brief the Council was Aroldo Lázaro Sáenz, Head of Mission and Force Commander of the United Nations Interim Force in Lebanon (UNIFIL), who emphasized that monitoring the cessation of hostilities remains central to the Force’s mandate.  “This mission has taken on even greater importance following the hostilities of October 2023,” he stated, adding that a lasting ceasefire has long been hindered by differing interpretations of obligations under resolution 1701 (2006).  Achieving one, he noted, “may still take a long time”.

    Elaborating, he said this would potentially require an internal political process in Lebanon — particularly on sensitive issues, such as the military capabilities of Hizbullah and other non-State actors.  It would also demand a political track between Lebanon and Israel to resolve matters of sovereignty, territorial integrity and border demarcation.  Underlining the importance of Lebanon’s continued consent to the Force’s presence, he also voiced concern over growing disinformation and misinformation.  The Lebanese Government has a crucial role to play in fostering public understanding of UNIFIL’s role to prevent misperceptions, he stressed.

    Technology, he added, offers a valuable tool for modern peacekeeping.  For UNIFIL, it can enhance the safety and effectiveness of peacekeepers and address current surveillance gaps, such as detecting low-flying unmanned aerial vehicles or air strikes that evade radar.  Drones equipped with radar and cameras could help monitor wider areas for longer periods, providing real-time intelligence to troops on the ground and improving situational awareness, he observed.

    Ulisses de Mesquita Gomes, Force Commander of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO), then provided an update on his operating environment.  MONUSCO possesses certain surveillance technologies — including unmanned aerial vehicles for aerial reconnaissance and ground-based radar systems for perimeter security — that have significantly reduced risks to Mission personnel and improved mandate delivery.  “These tools could equally be deployed towards ceasefire monitoring,” he said.

    He noted, however, that surveillance technology has also been used by armed groups, militia and criminal networks.  He reported:  “In recent months, we have observed the use of readily available drones for reconnaissance by armed groups and the exploitation of encrypted messaging apps for coordination and propaganda dissemination.”  To address this, MONUSCO has adapted its procurement and force-generation strategies to leverage the latest capabilities “within weeks and months, rather than years”, he said.

    Also underlining the importance of maintaining the long-term consent of host States and local populations, he said that MONUSCO and the Government of the Democratic Republic of the Congo have worked jointly to define the Mission’s priorities and objectives.  While the role of technology is important, he added that “the success of our Mission is not solely dependent on technology”.  He stressed:  “Effective ceasefire monitoring depends on the continued cooperation and consent of the host State and local populations.”

    In the ensuing discussion, many Council members pointed to the transformative potential of modern technology in the peacekeeping domain. The representative of Pakistan emphasized that advances in sensing technology — including drones and satellite imagery — can significantly enhance monitoring capabilities by providing “real-time, comprehensive situational awareness”.  Denmark’s representative said that enhancing peacekeepers’ capabilities — particularly through technology — would enable significantly greater coverage in operational areas often rendered inaccessible by adverse weather, challenging terrain or security risks.

    The representative of France, Council President for April, spoke in his national capacity to similarly state that missions must be equipped with modern technology to effectively implement their mandates. “They must have night-vision capabilities and the latest drone or fixed cameras,” he said, adding:  “This is not a secondary matter at all — it is very important because a force without the means is a diminished force.”

    For his part, Greece’s representative spotlighted the double-edged sword presented by advanced technology, a point echoed by others today.  On that, he observed that technology can be harnessed for peacekeeper training; logistical support; landmine detection, mapping and clearance; and tasks involving surveillance and monitoring.  Conversely, he said, “these technologies can also be misused to carry out malicious cyberattacks, to disseminate hate speech or to undermine populations’ trust in peacekeepers through disinformation campaigns”.

    The representative of Guyana, too, said that the proliferation of disinformation and misinformation can “exacerbate the gap between local perceptions and expectations about peacekeeping missions and the mission’s actual mandate and capabilities”.  She therefore urged the development of robust public-information strategies, spotlighting as an example the use of radio stations by certain missions to counter the spread of negative narratives.  The representative of the United Kingdom also voiced support for using technology to counter threats arising from misinformation and disinformation.

    In that vein, the representative of the United States rejected recent attacks on the credibility of UN peacekeeping missions — particularly those directed at MONUSCO by Rwandan officials and forces.  Such attacks undermine trust in ceasefire monitoring and “cast doubt on their impartiality”, he observed.  He added:  “The challenges we currently face in the Democratic Republic of the Congo and Lebanon underscore the necessity for UN peacekeeping to be more efficient, adaptable and focused on long-term solutions to achieve lasting peace.”

    “Combining technical tools with human expertise is essential for success,” stressed Slovenia’s representative.  She also underscored that effective, impartial and transparent monitoring — based on a clear and well-funded mandate — builds trust and maintains legitimacy.  As the UN explores the future of peacekeeping, the ability to support and monitor ceasefires must remain a core part of this endeavour.  She stressed, however, that “monitoring alone cannot bring peace”; without political solutions, “monitoring risks to become but a technical activity”.

    Others picked up this thread.  “The goal of ceasefire monitoring is to win time and space for political settlement,” said China’s representative, adding:  “Without a parallel political process, ceasefire monitoring may degenerate from a peace stabilizer to a conflict-freezing agent that will not help achieve the desired goal.”  The representative of Panama emphasized that peace operations must be complemented by a greater civil and political component.  Further, he stressed that this must be accompanied by investments in development, education, health, employment and economic reconstruction “in order to avoid relapses into social tensions that could rekindle conflicts”.

    Sierra Leone’s representative, noting the UN’s ability to create the space necessary for political processes to take root, joined others in spotlighting the importance of partnerships:  “Cooperation with host Governments is fundamental to building trust and achieving lasting peace.”  The representative of the Republic of Korea, similarly, pointed to host country consent in the context of technology:  “Closer coordination with host States, emphasizing the mutual benefits of these innovations, can help foster understanding and garner support.”  The representative of Somalia added:  “We emphasize strong collaboration with regional organizations, technological providers, academic institutions and civil society organizations.”

    Along these lines, the representative of the Russian Federation said that her country is prepared to discuss the possibility of including MONUSCO in the monitoring of an eventual ceasefire — so long as there is a request to this end from subregional organizations.  On UNIFIL, she observed that, if the Force was not present, “the Security Council, for example, would not have heard that — since the ceasefire — there have been 50 more shellings coming from Israel, rather than those coming from the north of the Blue Line”.

    Algeria’s representative, going further, recalled that the Council has often been briefed on flagrant violations of ceasefires by the missions tasked with monitoring them.  “However, the reporting of these violations is usually followed by a concerning inaction to hold the perpetrators accountable,” he said.  He added:  “This is clearly a matter of accountability — and without accountability, serious questions would naturally be raised about the credibility of mandated UN operations on the ground and about the credibility of this Council.”

    MIL OSI United Nations News

  • MIL-OSI USA: U.S. Adversaries Trying to Exploit Trump’s Mass-Firings to Recruit Ousted Gov’t Employees as Spies

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    WASHINGTON, DC – With the Trump Administration arbitrarily laying off tens of thousands of skilled government workers, many with security clearances and expertise in critical fields, foreign government intelligence agencies are ratcheting up efforts to increase spies.
    According to intelligence recently distributed by the U.S. Coast Guard Counterintelligence Service: “New intelligence indicates agents from China, Russia, and other countries have set their sights on recently fired probationary workers, or those with security clearances, hoping to obtain valuable information about U.S. critical infrastructure or national security interests.”
    U.S. Senator Jack Reed (D-RI) says it is just one more example of how the Trump Administration short-sighted, chaotic approach to slashing government is making America less safe.
    “Espionage threats against America are rising as Donald Trump continues to weaken U.S. national security and enable America’s adversaries to conduct foreign malign influence operations.  The Trump Administration is handing foreign-linked entities a target-rich environment to recruit willing or unwitting participation in their intelligence gathering operations.  We know China, Russia, and others are trying to exploit the Trump Administration’s missteps and they’re increasingly targeting those who have been fired or could soon be ousted – especially defense workers,” said Reed, the Ranking Member of the Senate Armed Services Committee and an ex officio member of the Senate Intelligence Committee.  “Russia, China, and others are using sophisticated methods and deceptive techniques and fronts to try to lure unsuspecting, recently laid off U.S. government employees into divulging sensitive information.  And when U.S. government employees see how careless Trump’s Secretary of Defense, national security advisor, and National Director of Intelligence are with sensitive information on group chats, they may do the same.  We can’t let that happen.  President Trump also allows a lot of unvetted people to influence him and apparently direct him to take specific actions, like firing the head of the NSA.  That is very worrisome.”
    Last week, President Trump abruptly fired the director of the National Security Agency without explanation and has also targeted the CIA, FBI, and DOJ for mass-layoffs, including the purging of career civil servants who the Trump Administration deems insufficiently loyal to the MAGA political agenda.
    According to CNN: “A document produced by the Naval Criminal Investigative Service said the intelligence community assessed with “high confidence” that foreign adversaries were trying to recruit federal employees and “capitalize” on the Trump administration’s plans for mass layoffs, according to a partly redacted copy reviewed by CNN.
    “It added that foreign intelligence officers were being directed to look for potential sources on LinkedIn, TikTok, RedNote and Reddit.
    “At least one foreign intelligence officer directed an asset to create a company profile on Linkedin and post a job advertisement, and to actively pursue federal employees who indicate they are “open to work,” the NCIS document says.”
    All intelligence agencies use similar exploits.  Countries with high levels of internal division, economic turmoil, and vulnerable populations may be more susceptible.
    Senator Reed stressed that the increased risk of Americans becoming foreign intelligence assets is not a matter of loyalty, but a matter of sophisticated intelligence tactics designed to trick American workers, such as the use of fake job ads or realistic front companies.
    Reuters noted: “Max Lesser, a senior analyst on emerging threats with the Washington-based think tank Foundation for Defense of Democracies, said some companies placing recruitment ads were “part of a broader network of fake consulting and headhunting firms targeting former government employees and AI researchers.”
    The story continued: “Asked about the research, three intelligence analysts told Reuters the network appeared to be a prime example of how foreign-linked entities are trying to gather intelligence from staff fired or forced into retirement by President Donald Trump and billionaire tech tycoon Elon Musk’s Department of Government Efficiency.
    “Once employed by the network, federal employees could then be asked to share increasingly sensitive information about government operations, or recommend additional people who might be targeted for willing or unwitting participation, the analysts said.””
    The Coast Guard’s bulletin noted a telltale sign of foreign agents attempting to recruit former government officials is if something that is too good to be true, it probably is.
    “Your contact might overly praise or focus on your skills/experience, especially if your government affiliation is known,” the notice stated, adding that flattery, scarcity, and a sense for urgency might be an indicator as well.
    An active-duty U.S. army sergeant was recently charged with selling and transmitting sensitive military and national defense secrets to co-conspirators working on behalf of China.

    MIL OSI USA News

  • MIL-OSI USA: Duckworth Joins Durbin, Foster in Introducing American Innovation Act

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    April 03, 2025

    As the Trump Administration continues to ax critical research funding, Duckworth, Durbin and Foster introduce legislation that would bolster research funding at five federal research agencies

    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL) joined U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Representative Bill Foster (D-IL-11) today in reintroducing the bicameral American Innovation Act, which would provide annual budget increases at a rate of five percent, indexed to inflation, for cutting edge research at five federal agencies: the Department of Energy Office of Science; the National Science Foundation; the National Institute of Standards and Technology Scientific and Technical Research Services; the Department of Defense Science and Technology Programs; and the National Aeronautics and Space Administration (NASA) Science Directorate. The American Innovation Act would position the U.S. as a leader in development and discovery for decades to come by creating steady, sustained funding for breakthrough research at America’s top research agencies.

    “As the Trump Administration continues slashing federal funding programs, investing in our world-renowned scientific research facilities and institutions is critical in order for America to stay competitive on the global scale,” said Duckworth. “I’m proud to join Senator Durbin and Congressman Foster in reintroducing the American Innovation Act to support our scientists and researchers as we expand American innovation, strengthen national security, create jobs, and grow our economy.”

    “In its crusade to damage essential government infrastructure, the Trump Administration has failed to recognize that sustained support for basic scientific research has enabled the United States to put a man on the moon, build the internet, and produce a COVID-19 vaccine in record time.  If we want to maintain our status as a world leader in research and technology, we must empower and fund our federal research agencies and retain their top talent,” said Durbin. “I’m introducing the American Innovation Act to ensure our nation’s scientists and researchers have access to critical funding to push our world forward while also creating jobs, growing our economy, and improving our national security.”

    “I’m proud to work with Senator Durbin on this legislation to expand federal investment in scientific research,” said Foster.  “Since World War II, investments in science and technology have helped expand our economy, create millions of jobs, and advance our national security.  As we confront new and existing challenges, it’s critical that our scientists have the resources they need to ensure our nation remains at the forefront of research and innovation.”

    The introduction of the American Innovation Act comes as the Trump Administration continues to gut federal research agencies by slashing programs and firing scientists conducting critical research. These moves only harm the future of the U.S., as investments in scientific research have helped the nation lead the world in new technologies, create millions of jobs, grow the economy and advance national security. Further, without serious federal investment in research, the U.S. could fall behind its competitors, particularly China.

    Basic science funding in the U.S. has lagged in recent decades. Since the 1970’s, the United States investment in basic science has decreased by tenfold to about 0.1 percent of GDP. Meanwhile, China’s research intensity (GDP expenditures on R&D) has increased by 500 percent since 1996– if this trend continues, China will soon surpass the U.S. in investment in science.

    In addition to Duckworth and Durbin, the American Innovation Act is cosponsored in the Senate by U.S. Senators Alex Padilla (D-CA), Mazie Hirono (D-HI) and Brian Schatz (D-HI).

    The legislation has earned the endorsement of the American Society of Mechanical Engineers; Association of American Universities; American Mathematical Society; Association of Public and Land-Grant Universities; Council of Undergraduate Research, Institute for Progress; Coalition for Academic Scientific Computation; American Physical Society; Federation of American Scientists; American Geophysical Union and the Institute of Electrical and Electronics Engineers.

    A one-pager on the legislation can be found here.

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    MIL OSI USA News